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New York Family Plans One Mil-SF Warehouse

GROVELAND, FL-Crystal Lake Executive Park is the newest venture proposed in South Lake County's booming industrial market, 30 miles west of Downtown Orlando.

By Alex Finkelstein | Updated on July 19, 2001

GROVELAND, FL-The Michaeli family of New York City, owner of the Novelty Crystal manufacturing plant near Groveland, Fl, plans to develop a one million-sf warehouse at its Crystal Lake Executive Park, the newest venture proposed in South Lake County’s booming industrial market, 30 miles west of Downtown Orlando.

The site is at the confluence of U.S. 27, State Road 19 and the Florida Turnpike, directly across from the nine-year-old, 640-acre Christopher C. Ford Industrial Park, a Lake County-owned enterprise. The Economic Development Commission of Mid-Florida Inc. is assisting a prospective buyer for the warehouse undertaking. The EDC declines to identify the prospect.

EDC officials couldn’t be reached at GlobeSt.com’s publication deadline to learn the size of Crystal Lake Executive Park or the asking prices of the developable tracts. But Lake County land management officials confirm for GlobeSt.com the firm price at its industrial park is $35,000 per acre or 80 cents per sf. There are 122 developable acres remaining.

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